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Indonesia’s economic growth to remain strong in 2023

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Bank Indonesia has projected that Indonesia’s economic growth will remain strong in the range of 4.5–5.3 percent this year, given the nation’s economic performance in 2022, which improved compared to 2021.

In an official statement issued in Jakarta on Thursday, Executive Director of the BI’s Communications Department Erwin Haryono said that economic growth in 2023 will be driven by increased domestic demand for both household consumption and investment.

The prediction is in line with the increase in community mobility after the revocation of the community activity (PPKM) restrictions policy, improved business prospects.—Antara News

 

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